Five Sigma
AI Insurance Claim Management Platform
Startup A Fintech & Insurtech Est. 2017
Total Raised
$24M
A
Last Round
$2M
3 rounds
Investors
7
7 public
Team
11
11-50 employees
Confidence
92/100
News
5
articles
About
Five Sigma is a cloud-native, data-driven claims management solution (CMS) with embedded AI/machine-learning capabilities to allow simple and smart claims processing for the insurance industry. Five Sigma simplifies claims management by adding automated claims processing workflows, using data modeling and AI to provide smart recommendations, improve adjusters' decision-making processes, and reduce errors. Leading insurance carriers, insurance technology companies, third-party administrators, and self-insured companies use Five Sigma's CMS to modernize their claims operations, reduce claims leakage, enhance compliance, and improve their customers' experience.
Classification
Sector
Fintech & InsurtechInsurtech
Core Technology
Platforms & InterfacesWebArtificial Intelligence
Target Customer
Financial ServicesFinancial ProductsInsurance
Business Model
B2BB2B2CB2C
Tags
artificial-intelligenceinsurtechbig-dataclaim-managementfintechinsurance-companiescompliance
Funding & Events
Sep 2021
A Round $16M
83North (Lead), Pipeline Capital Partners, Xceedance, iGlobe Partners, O.G. Venture Partners, F2 Venture Capital
Jun 2019
Seed $6M
F2 Venture Capital (Lead)
Jan 2022
A Round $2M
Aquiline Technology Growth
News (5)
Feb 15, 2023 · www.einnews.com
growth-positive
Five Sigma to Showcase Intelligent SaaS Claims Management at Insurtech Insights London 2023
PartnersCustomers
Jan 24, 2022 · www.calcalistech.com
growth-positive
Five Sigma expands team with four new appointments
Management Changes
Jan 19, 2022 · www.prnewswire.com
growth-positive
Five Sigma Announces Extension of Series A Investment From Aquiline Technology Growth
Investment
Sep 13, 2021 · www.calcalistech.com
growth-positive
Insurtech startup Five Sigma raises $12 million Series A
Investment
Dec 3, 2020 · insurtechisrael.news
growth-positive
Cloud-Native, AI-Enabled Claims Management Platform - Insurtech Israel News
CustomersInvestment
Details
Product Stage
Released
Employees
11-50
Exact Count
41
Founded
2017
Registrar
515610426
Crunchbase
five-sigma
Locations
building floor 12, HaArba'a St 28, Tel Aviv-Yafo, Israel
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Jan 30, 2025
Verified by
Jenny Sotnik-Talisman
Missing
markets, not claimed
Team (11)
Oded Barak
Co-founder & CEO
Founder
Dror Sholomon
CO-FOUNDER & CHIEF ARCHITECT
Founder
Michael Krikheli
Co-founder & CTO
Founder
Edan Hanina
Co-founder (No longer with the company)
Founder
Oded Israeli
CHIEF MARKETING OFFICER
Ofer Milavski
COO
Dana Poleg
Chief Marketing Officer
Gil Nechushtai
VP of Product, Five SigmaCHIEF PRODUCT OFFICER
Mor Segal
VP R&D
Amalia Landau
VP of HR
Shani Gal
VP of Product Management
Internal
Created by
Gil Fosh (gilfosh@gmail.com)
Created
2017-11-29T00:00:00.000Z
Last editor
Jenny Sotnik-Talisman (jenny.sotnik@sncentral.org)